BEDFORD, MA–MANSARD recently completed the sale of the Suburban Boston medical office building at Emerson Place for $5,750,000.
The MANSARD team helped the Oxford Entities secure the right buyer, Boston Common, LLC, in the $5.75M sale of in closing 41-55 North Road also known as Emerson Place in Bedford, MA.
Emerson Place is a stabilized, suburban Boston medical office building located near the interchange of Routes 3 and 128. Emerson Place has undergone numerous upgrades to its common areas as well as building improvements in excess of one million dollars in the last seven years. Notable tenants include Bedford Periodontics, Chestnut Dental, Bedford Pediatric, and Emerson Hospital.
Emerson Place at Bedford is strategically positioned to participate in the growth of 128’s fastest-growing markets. In the shadow of Waltham, Burlington, and Lexington, Emerson Place at Bedford offers medical and professional tenants a value alternative with access to key markets.
Jeremy Cyrier, CCIM, who oversaw the transaction, said: “Boston Common, LLC was searching for a stabilized, multi-tenant medical office investment within the Greater Boston’s high-performing 128 corridor. We coordinated conversations between Oxford Entities and Boston Common, LLC to structure a mutually advantageous transaction the allowed Oxford Entities to sell for the right price to the right buyer with confidence. We also appreciated the close cooperation of Debbie Marazzo and her team at Eastport in managing due diligence and estoppel execution to make this a smooth transaction. We look forward to working together again.”